Business Impact Analysis (BIA) 01
Business Impact Analysis (BIA) 01 : Business Impact Analysis/ Business Impact Assessment. The management level analysis by which an organisation assesses the quantitative (financial) and qualitative (non-financial) impact and loss that might result if the organisation were to suffer a business continuity event, incident or crisis. Also: The first phase of DR's four phases. The process (or action) of analyzing all business functions and the effect that a specific disaster may have upon them
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